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FOX
Dec 11, 2012 5:00pm PST
this is year. more details now on how a fall off that fiscal cliff would affect taxpayers. the nonpartisan tax foundation says an average family of four would pay an extra $7,400 in taxes. looking at specific cities here, people in san francisco and oakland would pay an extra $7,424 in san jose it would be 7,352. and in santa rosa, $3,333. now to wall street where stocks today moved into positive territory. the dow clos up 78 points. >>> there were more jobs advertised in september than october. job openings rose by 128,000 to 3.68 million in october that is the most since june. and in a separate report last friday, the government said employers added 168,000 jobs last month. >>> michigan became the 24th state in the united states to pass right to work laws. hundreds of union members rallied at the state capital in lansing. michigan is a union stronghold where the united auto workers were founded. the bill was voted by rick schneider. they ban unions from requiring private or public sector workers to join the union as part of their employment. this new law will result in lower pay for all workers. backer
FOX
Dec 9, 2012 5:00pm PST
. >> when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: democrats show no signs of backing off from supporting the president' hard line stance on raising the income tax rate on the rich. >> we democrats realize there has to be two sides to this bargain, but we're not going to go back to what bewy did in 2011. we put both revenues and cuts on the table. >> reporter: but despite the impasse in washington, the director sees promising signs that the economy may be improving. for the fiscal crisis she recommended a balanced solution, spending cuts combined with an increase in tax revenue. el geth corridan, kutv charles. >>> quarter of an inch assembly leaders say there is no plan to end a controversial practice of changing voteds after a bill passes or fails. half of those sworn into the assembly are new to the job and the associated press reports that during the past session assembly members changed their votes more than 5,000 times. the practice does not affect the outcome of a bill, but government watchdog groups say it allows members to hide or distort their records to please lobbyists. >>> the u.s. postal service today began expanding its hours of operati
FOX
Dec 5, 2012 5:00pm PST
about the fiscal cliff. members of the group delivered teddy bears to lawmakers saying that, quote, can't bear more than their fair share. they say congress needs to add tresz the so-called fiscal cliff before scheduled tax sxhieks spending cuts go into effect. one berkeley mother was among those in washington. >> like many families, i don't have any other place to cut right now so we're here to stand up and make sure that our voices are heard. >> the group also delivered signed petitions urging congress to end the bush tax cuts for the wealthy. >>> representatives from huns of charities have descended on capitol hill in an effort to dlsh there has been talk of capping the deduction but nonprofit leaders say they're afraid if the government limits the deduction people would drastically cut back on their donation. >> that means there will be less opportunity for people to be fed. there will be less nights of care provided for those who are homeless. there will be less service for disaster situations. >> some republican pros pose limiting all itemized tax deductions, but president obama wants to increase tax rates for the wealthiest 2% of americans instead. >>> government regulators are taking action against a bab
FOX
Dec 10, 2012 5:00pm PST
fiscal cliff. he spoke to workers at a auto engine plant. he said lawmakers need to make some tough spending cuts on things we don't need. but he said he is determined to keep tax breaks in place for the middle class while raising taxes for higher earning americans. >> i won't compromise on. i am not going to have a situation where the wealthiest among us, including folks like me get to keep all our tax breaks and we are asking students to pay higher student los. >> republicans insist cuts to entitlement programs should be on the table. they must act before december 31 to avoid the fiscal cliff. >>> on wall street today, the dow is up 14 to 13,169. the nasdaq is up 8 at 2,986. the s&p is up 0.48 at 1,418. >>> the pentagon identified a navy s.e.a.l. killed over the weekend while rescuing a doctor held captive in afghanistan. he died during the raid. it freed the doctor who was working for a colorado based organization when he was taken captive. he was part of the same group that carried out the raid that killed osama bin laden. >>> two disk jockeys made an amallagy today -- an apology today for a prank call to the hospital where kate middleton was being treated. >> we
FOX
Dec 4, 2012 5:00pm PST
democrats squared off over the looming fiscal cliff. house minority leader nancy pelosi slammed the gop's proposals. >> that's not negotiating. that's hostage taking. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come out against any tax hike and has refused to bring the democratic plan for a vote. >>> the dow fell almost 14 points. nasdaq lost 5 1/2. the s & p fell 2 1/2 points. >>> yahoo is buying another silicon startup. sunnyvale's yahoo acquired on the air today. the service enables users to hold online video chats in a talk show foremated. >>> a monstrous typhoon has killed 74 people in the philippines and the deattoll is expected to rise. 23 of the people drowned in flooding caused by the typhoon. the storm made landfall yesterday and some 60,000 people have fled to emergency shelters. the crowded shelters in this new video. the typhoon is expecte
CBS
Dec 5, 2012 5:00pm PST
ready to go over the fiscal cliff unless republicans agree to tax increases. reports from major garrett and chip reid. >> pelley: a household name in
CBS
Dec 10, 2012 5:00pm PST
are taking a stand and making their voices heard in the fiscal cliff crisis. >> make it swift. don't throw seniors off the cliff. >> a group of workers and community leaders rallied outside the representative's office in san jose this morning. they say money should come from raising taxes on bank and corporations, not from cutting social programs. seniors held similar rallies today in 14 other california cities. >>> the president and house republicans have three weeks to compromise on tax hikes and spending cuts. ed to president obama hit the road to rally support from his plan. cbs reporter danielle nottingham has the latest from washington. >> president obama's public campaign to steer clear of the fiscal cliff took him to a diesel engine planted detroit. >> if congress doesn't act soon, meaning in the next few weeks, starting on january first, everybody's going to see their income taxes go up. >> private face to face talks were revised this weekend when house speaker boehner went over to the white house. neither side is releasing details about the conversation, but taxes are still the big sticking point. >> i'm not going to have a situation where the wealthiest among us, including folks like me get to keep all our tax break. >> while republicans have adamantly opposed
CBS
Dec 6, 2012 5:00pm PST
, some traveling and still a chance our country could go over the so-called "fiscal cliff." top economists showed up at the capital today for further talks about the impact of tax increases and government spending cuts on the middle class. from a home in virginia president obama sat with a middle class family he says will be hit hard if congress doesn't extend middle class tax cuts. >> for them to be burden unthis isly because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> republicans are standing behind their counter-offer to close tax loopholes and limit some deductions. they say the president needs to deliver a new plan they can agree on before the january 1 deadline. >>> stocks inched up as investors kept and eye on washington. the dow was up around 40, nasdaq up 16, s&p saw a 5 point increase. >>> the dungeness crab season has hit a snag. local crabbers are refusing to fish for the northern california delicacy after a new price fight with the wholesalers. the cbs 5 reporter anne makovec shows us the solidarity on the docks is being tested. >> strike last year this boat. >> rig
CBS
Dec 11, 2012 5:00pm PST
oust syrian president assad. >>> meanwhile, as the "fiscal cliff" deadline approaches, indications that the president and house speaker john boehner are reportedly talking again, at least by telephone. among the proposals, the white house may agree to less tax revenue but the speaker still wants to see what cuts the president will make. but publicly, neither side is giving anything away. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of balanced approach that he promised americans. >> what is required is, you know, agreement by republicans to some specific revenues that includes raising rates. >> there is no indication that the president will compromise on taxes on the wealthy going up. >>> a soon-to-open bay area restaurant is wondering where are all the workers? black bear diner is set to open a restaurant in emeryville next month. the owners have been holding job fairs to fill the more than 100 positions. but so far, they say, the turnout has been unexpectedly low. >> totally different response than what we expected and like i sad, just what we hear in the news about the unemployment rate and all the stories are going on especially everything after the election of jobs, jobs, jo
CBS
Dec 12, 2012 5:00pm PST
. >> the time for politics has ended. >> reporter: and apparently, it hasn't because the "fiscal cliff" fight is now fodder for political commercials known as issue ads. this one is running on cable news networks by a conservative nonprofit called crossroads. >> call president obama and tell him, it's time to show us a balanced plan. >> reporter: it is a big switch from presidential politics to full-scale lobbying. >> on the one hand it's very bizarre coming down the pike right now. on the other hand this is the nature of the finance structure we have created. >> reporter: the president is still in campaign mode. he is not looking for votes. he is looking for public support in handling the "fiscal cliff" and he still knows how to rile the crowd in detroit. >> what we shouldn't be doing is it trying to take away your rights to bargain. >> campaigning never ends. it's an innovation in the presidency in the last 30 years. it's campaigning to govern, saying when the campaign is over you hit the road and start campaigning on policy. >> reporter: how do americans feel about it? in a new poll
Search Results 0 to 9 of about 10